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AMAX GOLD BOARD APPROVES DIVIDEND

 GOLDEN, Colo. Oct. 26 -- Amax Gold Inc. (NYSE: AU) announced today that its Board of Directors approved a regular quarterly dividend of $.02 per common share to shareholders of record as of Nov. 11, 1993, which will be payable on Nov. 29, 1993.
 Amax Gold produces and explores for gold in North and South America and is listed on the New York and Toronto stock exchanges. Amax Gold warrants trade on the American Stock Exchange under the symbol AUWT and the Toronto Stock Exchange under the symbol AXGWT.
 -0- 10/26/93
 /Contact: Gina Wilson of Amax Gold, 303-273-0623/
 (AU)


CO: Amax Gold Inc. ST: Colorado IN: MNG SU: DIV

LS-JB -- LA041 -- 2485 10/26/93 14:54 EDT
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Publication:PR Newswire
Date:Oct 26, 1993
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